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<h1>Key Points on GST Supply Classification: Taxable, Exempt, Zero-Rated, and Treatment of Promotional Items & Capital Goods</h1> The key points for the classification and treatment of supplies under the GST law, focusing on the nature of supply, whether taxable, exempt, or zero-rated. It emphasizes the importance of correctly classifying transactions as inter-state or intra-state and highlights the treatment of promotional items, capital goods, and transactions involving related or distinct persons. The text also explains the inclusive definition of 'supply' under GST, which encompasses various transactions like sale, transfer, and import of services. It details exceptions where supply can occur without consideration, such as transactions between related persons or import of services. Additionally, it discusses activities not treated as supply, like employee services to employers and certain government functions, and clarifies the classification of composite supplies and works contracts.